India’s JSW Group to acquire 35% stake in SAIC-owned MG Motor India
The deal will pave the way for JSW Group to enter the highly competitive car manufacturing business in India
Indian conglomerate JSW Group plans to acquire a 35% stake in SAIC-owned MG Motor India as the Chinese carmaker looks to dilute its stake in its Indian entity, according to a news report published by Reuters on Nov. 30.
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